the moneys gone to State Street to manage. as did pendals mandate that was with St James, which was widely known before the MFG loss was announced. pendal has also lost way more than 30% of its share price. magellan probably doesnt want the reasons known for why they lost the mandate as then other institutions can use the same reasons for pulling theirs, or negotiating better fees. hence the silence from magellan.
MFG Price at posting:
$21.21 Sentiment: None Disclosure: Not Held
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